July 2014 General Fund City of Golden Valley
Monthly Budget Report-General Fund Expenditures
July, 2014 (unaudited)
Over %
2014 July YTD (Under) Of Budget
Division Budget Actual Actual Budget Expend.
001 Council $294,840 14,140 154,044 ($140,796) 52.25%
003 City Manager 762,980 54,433 382,751 (380,229) 50.17%
004 Transfers Out 294,710 0 294,710 0 100.00% (1)
005 Admin. Services 1,676,280 109,412 817,421 (858,859) 48.76%
006 Legal 135,000 17,213 60,432 (74,568) 44.76% (2)
007 Risk Management 300,000 66,610 202,970 (97,030) 67.66%
011 General Gov't. Bldgs. 556,990 38,678 297,894 (259,096) 53.48%
016 Planning 346,195 22,441 187,389 (158,806) 54.13%
018 Inspections 651,545 49,960 350,402 (301,143) 53.78%
022 Police 5,202,175 357,334 2,761,900 (2,440,275) 53.09%
023 Fire 1,200,190 74,925 621,310 (578,880) 51.77%
035 Physical Dev Admin 334,315 19,020 203,598 (130,717) 60.90%
036 Engineering 691,880 39,930 281,774 (410,106) 40.73%
037 Streets 1,429,410 105,322 809,383 (620,027) 56.62%
065 Community Center 74,100 4,975 31,649 (42,451) 42.71%
066 Park& Rec. Admin. 679,345 51,526 367,866 (311,479) 54.15%
067 Park Maintenance 1,051,490 84,072 595,272 (456,218) 56.61%
068 Recreation Programs 502,830 37,006 179,420 (323,410) 35.68% (3)
TOTAL Expenditures $16,184,275 $1,146,997 $8,600,185 ($7,584,090) 53.14%
(1)This transfer was made in June, 2014.
(2) Legal services are through June.
(3)Tennis program expenditures are lower due to contractual arrangement.
City of Golden Valley
Monthly Budget Report-General Fund Revenues
July, 2014
Percentage Of Year Completed 58.00%
Over %
2014 July YTD (Under) of Budget
Type Budget Actual Actual Budget Received
Ad Valorem Taxes $12,358,005 6,407,439 6,417,261 ($5,940,744) 51.93% (1)
Licenses 210,785 18,995 233,586 $22,801 110.82%
Permits 725,000 134,062 785,694 $60,694 108.37%
Federal Grants 0 0 7,500 $7,500
State Aid 255,390 133,494 138,947 ($116,443) 54.41% (2)
Hennepin County Aid 31,205 11,758 31,758 $553 (3)
Charges For Services:
General Government 45,050 16,874 24,368 ($20,682) 54.09%
Public Safety 163,870 10,112 91,238 ($72,632) 55.68%
Public Works 141,000 14,397 87,654 ($53,346) 62.17%
Park& Rec 525,270 33,951 212,938 ($312,332) 40.54% (4)
Other Funds 981,500 223,635 617,294 ($364,206) 62.89%
Fines & Forfeitures 320,000 28,747 166,433 ($153,567) 52.01% (5)
Interest On Investments 100,000 0 0 ($100,000) 0.00% (6)
Miscellaneous Revenue 227,200 23,479 136,405 ($90,795) 60.04%
Transfers In 100,000 8,333 66,667 ($33,333) 66.67% (7)
TOTAL Revenue $16,184,275 $7,065,276 $9,017,743 ($7,166,532) 55.72%
Notes:
(1) Payments are received in July, December, and January.
(2) Police Training will be paid in August. Safe and Sober is billed on time spent.
(3)Violent Offenders Task Force is run by Hennepin County.
(4)Tennis progam was changed after budget was approved.
(5) Fines/Forfeitures are through May 2014.
(6) Investment income is allocated at year end.
(7)Transfers are monthly.